Live Backtest Results
This backtest analyzes the BTC Rickshaw Man strategy over the 30 minute timeframe. The tested logic is consistent across the page: A long entry triggers when a Rickshaw Man pattern is detected on the selected timeframe. The position exits when a Bearish Engulfing pattern is detected, giving the indecision entry a consistent bearish reversal exit that CoinQuant can compile.
ROI
-15.6%
Win Rate
50.7%
Max DD
42.15%
Sharpe
N/A
Profit Factor
0.93
Total Trades
304
Backtest insights
The Rickshaw Man strategy generated a total return of -15.6% over the 30 minute timeframe. With a maximum drawdown of 42.15% and a win rate of 50.7% across 304 trades, the result shows how this candle-pattern rule reacted to BTC/USDT trend changes during the tested window. The same entry, exit, and timeframe rules are used across every metric on this page.
Performance may vary depending on market conditions. During trending periods, the strategy may behave differently compared to ranging markets, impacting both returns and drawdowns.
How the BTC Rickshaw Man Strategy Works
What It Is
The Rickshaw Man candle pattern is a high-indecision Doji variant with long upper and lower shadows and a small real body near the middle of the range. This test uses the Rickshaw Man pattern as the long trigger and a Bearish Engulfing pattern as the exit reference. The page reports a real CoinQuant backtest on BTC/USDT 30 minute data.
How Signals Are Generated
A long entry triggers when a Rickshaw Man pattern is detected on the selected timeframe. The position exits when a Bearish Engulfing pattern is detected, giving the indecision entry a consistent bearish reversal exit that CoinQuant can compile. This keeps the strategy auditable and repeatable inside CoinQuant.
When It Works Best
This strategy tends to work best when wide two-sided movement resolves into upside continuation after buyers absorb selling pressure. The 30 minute timeframe captures a distinct market rhythm, so the same indicator can behave differently across horizons.
When It Performs Poorly
The strategy struggles when Rickshaw Man candles appear inside unstable chop. In those conditions, wide shadows may reflect noise rather than a useful transition.
Strengths
Tests a specific high-indecision candle pattern
Captures two-sided volatility in a transparent rule
Uses explicit pattern-based entry and exit conditions
Limitations
A Rickshaw Man pattern is not directional by itself
Signal quality depends heavily on surrounding trend context
Wide shadows can appear during noisy ranges
Why Use CoinQuant Instead of Manual Trading or Other Platforms
Choosing the right way to test and execute trading strategies is critical. Below is a comparison between CoinQuant, manual trading, and other platforms to highlight key differences in speed, accuracy, and usability.
CoinQuant is designed specifically for traders who want to validate strategies quickly and reliably without coding. Unlike manual trading or traditional platforms, it allows you to test multiple scenarios, analyze performance instantly, and iterate faster using real data.
Frequently asked questions
How does the Rickshaw Man strategy perform on BTC/USDT in the 30 minute timeframe?
In this backtest the Rickshaw Man strategy on the 30 minute timeframe generated a return of -15.6% with a maximum drawdown of 42.15% and a win rate of 50.7% across 304 trades. These results are based on historical backtest data and actual performance may vary.
What is the Rickshaw Man indicator?
The Rickshaw Man candle pattern is a high-indecision Doji variant with long upper and lower shadows and a small real body near the middle of the range. This test uses the Rickshaw Man pattern as the long trigger and a Bearish Engulfing pattern as the exit reference.
Why is backtesting important for trading strategies?
Backtesting evaluates how a strategy would have performed on historical data before risking real capital. It reveals metrics like ROI, drawdown, and win rate that show whether a strategy has a genuine edge.
How can I test the Rickshaw Man strategy on CoinQuant?
Paste the exact strategy prompt from this page into CoinQuant, select BTC/USDT and the 30 minute timeframe, and CoinQuant generates a full backtest with performance metrics, no coding required.
What are the best settings for the Rickshaw Man strategy on the 30 minute timeframe?
Optimal settings depend on the indicator parameters, timeframe, market regime, and trading objective. The default tested here is the exact rule shown in the strategy prompt. CoinQuant lets you test parameter variations to find the best fit for the 30 minute timeframe.
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